Lombard Risk Management has released an updated version of Colline, the company's collateral management, clearing, inventory management and optimisation solution.
Colline enables firms to move away from managing collateral in business silos by supporting multiple business lines on a single platform, therefore enabling firms to better manage their collateral inventory, addressing the issues of limited liquidity and lower capital charges.
The new solution includes regulatory enhancements intended to support clients in meeting their International Organization of Securities Commissions (IOSCO) and Basel III regulatory commitments.
In addition, the user-definable optimisation rule builder will be able to create and combine optimisation rules for flexible scenario analysis and optimum allocation of collateral.
The solution’s configurable inventory manager was added to provide real-time scenario analysis across financial products and business lines in order to best manage collateral inventory on a firm-wide basis.
Finally, Colline’s enhanced collateral substitution workflow will automate some of the more complex and time-consuming manual processes related to substitutions, enabling managers to deal with high volumes more efficiently.
"There are many regulatory issues that firms need to adhere to and Colline is constantly being enhanced to meet both market and regulatory requirements," commented John Wisbey, CEO of Lombard Risk.
"Thanks to the experience of our dedicated collateral team and the detailed insight provided by our clients we aim to ensure that Colline remains the system-of-choice for firms to manage all aspects of their collateral efficiently."
Helen Nicol, product director of Colline at Lombard Risk, said: "It is Lombard Risk's strategy to provide clients with one solution that combines multiple aspects of optimisation—trade, inventory and collateral—on a single platform.”
"Colline's strengths in collateral optimisation focuses on its flexible and configurable rule builder offering several algorithms, which in turn drives the allocation process according to the rules selected. The 'what if' functionality provides pre-trade and impact analysis for front office decision making."
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